Albilad Gold ETF posts SAR 9.22 mln net profit in 2020

08/04/2021 Argaam

Albilad Gold ETF Fund posted an audited net profit of SAR 9.22 million for 2020, Albilad Capital said in a bourse statement.

 

Net asset value (NAV) stood at SAR 118.23 million, while the NAV per unit reached SAR 10.74 as of Dec. 31, 2020.

 

Number of outstanding units totaled 11 million, with a return of 6% for 2020.

 

Total expenses and fees stood at SAR 1.17 million by the end of 2020.

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